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CME Bitcoin (BTC) - July 16

CME:BTC1!   Bitcoin CME Futures
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Today's gap section is 9190~9240.

It is necessary to check if volatility occurs around July 16 (July 15-17).

It is necessary to check whether it will fall to fill the gap between 8785 and 8915, or rise to fill the gap between 10010 and 10200.

I think the 8720 point or higher is a high section.

Among the 9220 points and 9720 points formed based on the 9470 points, it is currently located near the 9220 points.

In order to continue the upward trend, you must rise above the downward trend line (3).

In addition, you need to be sure that you can continue to move in the High section with support at point 8720.

I think the current state is a downward adjustment to ascend or just a downward move.

Unlike the stock market, the coin market fluctuates considerably.
If the Stop Loss ratio used in the stock market is applied in these investment markets, I think it is difficult to properly trade.

It is recommended that you stop trading for a while and check the flow, as this is a period of volatility.

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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.

Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section

GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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